Indicate by check mark whether the registrant is an emerging
growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities
Exchange Act of 1934 (17 CFR §240.12b-2).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the
registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards
provided pursuant to Section 13(a) of the Exchange Act. ☐

Item
1.01. Entry Into A Material Definitive Agreement

As previously reported, Aerkomm Inc., a
Nevada corporation (the “Company”), and its wholly-owned subsidiary, Aerkomm Taiwan Inc. (the “Aerkomm Taiwan”),
entered into a certain Real Estate Sales Contract on July 10, 2018 (the “Definitive Agreement”) with Tsai Ming-Yin
(the “Seller”) and Sunty Development Co., Ltd., as trustee, pursuant to which the Company, Aerkomm Taiwan and the Seller
agreed to definitive terms and conditions relating to the acquisition by Aerkomm Taiwan of a parcel of land (the “Parcel”)
located at the Taishui Grottoes in the Xinyi District of Keelung City, Taiwan. The Parcel consists of approximately 6.36 acres
of undeveloped land and is expected to be used by the Company and Aerkomm Taiwan to build the Company’s first satellite ground
station and data center. The purchase price for the Parcel (the “Purchase Price”), which is expressed in New Taiwan
Dollars in the Definitive Agreement, is NT$1,056,297,507.

As previously disclosed, pursuant to the
terms of the Definitive Agreement, payments by the Company to the Seller have been made from the net proceeds of the Company’s
ongoing public offering (the “Offering”). The Company and the Seller acknowledged that the balance of payments against
the Purchase Price was expected to be made from the net proceeds of additional closings of the Offering and that if the Company
was not able to raise sufficient additional funds in the Offering to pay the balance of the Purchase Price prior to July 31, 2018
(the “Payment Deadline”), the Company could notify the Seller of this fact and cancel the Definitive Agreement. In
such case, the full amount paid by the Company to the Seller would be returned to the Company, without interest, in cash or in
an equivalent amount of securities (the “Securities”) if the Seller were not to have sufficient cash on hand to return
the payments in full in cash.

As previously reported, the parties entered
into Amendment No. 1 to the Definitive Agreement on July 30, 2018 to, among other things, (i) fix the exchange rate between the
U.S. Dollar and the New Taiwan Dollar, to determine the exact U.S. Dollar amount that will be required to pay the full Purchase
Price, which is denominated in New Taiwan Dollars, (ii) extend the Payment Deadline from July 31, 2018 to September 4, 2018, (iii)
extend the Seller’s right to cancel the Definitive Agreement from August 31, 2018 to October 4, 2018, (iv) extend the Company’s
right to cancel the Definitive Agreement from July 31, 2018 until September 4, 2018 and (v) to clarify the type of Securities that
can be delivered to the Company if the Definitive Agreement is cancelled by either party and the Seller does not have sufficient
cash to return the amount previously deposited by the Company with the Seller in cash. Such Securities will be of the kind
that are traded or quoted on a US national securities exchange or the over-the-counter market or a foreign equivalent.

As previously reported, the parties entered
into Amendment No. 2 to the Definitive Agreement on September 4, 2018 to further extend (i) the Payment Deadline from September
4, 2018 to November 4, 2018, (ii) the Seller’s right to cancel the Definitive Agreement from October 4, 2018 to December
4, 2018 and (iii) the Company’s right to cancel the Definitive Agreement from September 4, 2018 until November 4, 2018.

As previously reported, the parties entered
into Amendment No. 3 to the Definitive Agreement on November 2, 2018 to further extend (i) the Payment Deadline from November 4,
2018 to January 4, 2019, (ii) the Seller’s right to cancel the Definitive Agreement from December 4, 2018 to February 4,
2019 and (iii) the Company’s right to cancel the Definitive Agreement from November 4, 2018 to January 4, 2019.

On January 3, 2019, the parties entered
into Amendment No. 4 to the Definitive Agreement (“Amendment No. 4”) to further extend (i) the Payment Deadline from
January 4, 2019 to July 4, 2019, (ii) the Seller’s right to cancel the Definitive Agreement from February 4, 2019 to August
4, 2019 and (iii) the Company’s right to cancel the Definitive Agreement from January 4, 2019 to July 4, 2019.

The foregoing summary of Amendment No.
4 does not purport to be complete and is qualified in its entirety by reference to the full text of Amendment No. 4, which is attached
hereto in Chinese and in English as Exhibits 10.9 and 10.10, respectively, which exhibits are incorporated by reference into Item
1.01.

Item
5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year

On February 12, 2019, the Board of Directors
of the Company changed the fiscal year end of the Company from March 31 to December 31. The Company will file a transition report
on Form 10-KT to cover the transition period from April 1, 2018 to December 31, 2018.